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CNBC Closing Bell June 22, 2024

Today. And someone investors believe a lot. Jeremy siegel calling for dow 20,000, sounding a cautious note despite the big rally. Find out why. Exclusive interview with him coming up. And can we get to his target . Twitter, by the way, have you seen that . Up 8. 5 right now, popping on news of more insider buying. Plus this partnership with the Company Announced this morning with the nfl. Is this the comeback that the beatendown stock has been waiting for . We have both sides of that were bringi...
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CNBC Worldwide Exchange June 22, 2024

Higher in afterhours trade. Shake shack also sizzling in extended trade. The burger chain posting stronger than expected 13 rise in samestore sales, thanks to the return of customer favorite crinkle fries. Lets bring you the german zedd aug zew numbers, august is up from 63. 9 in july, ahead of the forecast which was 64. 7. We also have the Economic Expectations, which has come in below. Its come in at 25. 0, down from 29. 7 and below expectation of 32. So, Current Conditions better than expecte...
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CNBC Squawk Box June 22, 2024

Those shares have been so volatile in the last several weeks. European equities, meantime, on news of this greek arrangement there, you do have red arrows mostly across the board, and perhaps not surprisingly, greece is the one thats getting the lift by 2. 25 . U. S. Equity futures at this hour . Well, after yesterdays big day breaking that sevenday losing streak, the dow would open lower by nearly 125 points. Here are the big stories were watching today. Greece and its lenders agreeing on bailo...
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CNBC Worldwide Exchange June 22, 2024

Ahead of Quarterly Results. Stocks hitting a new all time low on heavy volume in new york. Crude prices bounce back after world demand for oil is growing at the fastest pace in five years but also warns that the supply overhang will persist. And welcome to the second hour of the show. The overnight devaluations of the chinese yuan spooking markets not just here in europe but in the u. S. As well. The dow gaining 230 points on monday but quickly reversed the losses on tuesday. The dow down by 190...
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CNBC Power Lunch June 22, 2024

Is europe close. This often happens. We just had a horrible day in europe. Worst day of the year really. A lot of markets down 3 . You see just right after europe closed, closer to noon, the market came up and moved into positive territory. As for china, the etfs in china very heavy volume today. Doesnt matter what etfs, ashr, thats mainland china, the a shares. The second one is hong kong shares. All of them are down though not as much in hong kong as you can see. This is spilling into the emer...
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CNBC Mad Money June 22, 2024

Back up, but people do, which is how this market could go into free fall with the dow plummeting 277 points before gaining senses and finishing flat. Nasdaq coming back. Most people dont step back and reason. For example, the oil stocks have been declining for days on end and widespread contention that oil complex was the single most dangerous group out there. Then last night real mad money presented a clinical analysis negativity toward the group via the charts. Good picturorals and observed cl...
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CNBC Worldwide Exchange June 22, 2024

Fourth quarter profit rising 3 . U. S. Strength offsetting weakness elsewhere. News corp. Swings the 4th quarter loss but beats estimates as cost guiding in its News Division does pay off. You are watching worldwide exchange. A second hour of our show. Futures higher across the board in premarket trade. The dow up about 58 points. Nasdaq up 55. Positive earnings could help the index move higher but the chinese yuan extending its losses for the third day despite wednesdays intervention by the cen...
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CNBC Squawk Box June 22, 2024

Those blasts sent massive fire balls into the nights sky. The initial blast erupted at a warehouse for Hazardous Materials and triggered other explosions at nearby businesses. Those explosions could be felt miles away. The cause at this point not immediately clear. Lets take a look at some live pictures this morning from tianjin china. You can still see the smoke cloud billowing. We heard from hyundai. Well take more of a look at whats happening with china in a bit. About 4,000 imported vehicles...
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CNBC Worldwide Exchange June 22, 2024

Halt. The data not voting well for euro zone member which is are due imminently. Deals galore from goldmans. The invest ment bank selling its mines. And inturn buying deposits from ge capital. So that has come out. We have gdp from the Second Quarter at 1. 3 . Thats in line with expectation and an improvement from 1 the previous quarter. Thats the year on year number. The quarter on quarter number has come in at 0. 3 against a forecast of plus 0. 4. So fractionally below expectation which is som...
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CNBC Closing Bell June 22, 2024

Getting too expensive. Well, weve got a money manager who thinks theres still room to run. Hell make his case, coming up. And disney still one of the big dow winners this year so far. We will be live at the companys socalled d23 expo to look at how the force behind the Star Wars Franchise could affect that stock. Jane wells, who else but jane wells, is on site for us. Our own princess lea. And its the company the New York Post said provided something close to legal Insider Trading. The ceo of me...
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